Global Business

The MSc in Global Business at the University of Oxford is a comprehensive and rigorous programme designed to equip students with a deep understanding of the complexities and challenges faced by global enterprises operating in today's interconnected world. This programme aims to develop professionals who can navigate the intricacies of international markets, cross-cultural management, international trade, and global strategic decision-making. Throughout the course, students will explore critical topics such as global economic systems, multinational business strategies, international finance, and the impact of geopolitical developments on business operations. The curriculum combines theoretical foundations with practical applications, allowing students to analyze real-world case studies and participate in experiential learning activities that foster leadership, negotiation, and strategic thinking skills. The programme benefits from Oxford's rich academic tradition and access to a leading network of global business experts, practitioners, and alumni. Students will engage with faculty members who are at the forefront of research in international business, ensuring that their learning reflects the latest trends and insights. The programme is designed for individuals aspiring to careers in multinational corporations, international organizations, consulting firms, or entrepreneurial ventures that operate across borders. It emphasizes the development of a global mindset, cultural sensitivities, and innovative problem-solving abilities tailored to diverse business environments. Graduates of the MSc in Global Business will be well-equipped to drive international growth, manage diverse teams, and make strategic decisions that benefit their organizations and stakeholders worldwide. Combining academic excellence with practical relevance, this programme offers a unique opportunity to advance your career in the dynamic landscape of global commerce.

Led by Professor Mari Sako and other world-leading faculty in the areas of global business and strategic management the Diploma in Global Business combines the highest standards of academic rigour with a practical approach to global business management.  The programme is based on four modules of teaching in the areas of global strategy, risk and reputation, corporate diplomacy in a global context and the challenges of working with emerging economies.

1. Global strategy

This module develops understanding of the critical trends in global business, and the factors which underlie these trends. Participants will evaluate the opportunities and risks of international expansion in this semi-globalised world, and the tools available to implement global strategy.

Topics covered:

• Market and non-market strategies
• Managing the global value chain
• Global value creation: adding value scorecard
• Strategies for capturing global value: aggregation, adaptation, arbitrage.

2. Risk and reputation

The focus of this module will be the challenges of managing international business in situations of high organisational risk. This module examines foreign direct investment, strategies and the rules of engagement at both national and local levels in order to give participants an overview of the dynamics of global business management.

Topics covered:

• How to globalise: aligning organisational structures and strategies for global expansion

• Managing the dynamics of the global firm

• The challenges of cross-border mergers and acquisitions

• Power and influence in cross cultural management

• Managing knowledge intensive professional service organisations globally

• Innovation in the multinational enterprise: globalisation of R&D

• Stakeholder interaction and engagement.

3. Corporate diplomacy in a global context

The relationship between corporations, states, and Non-Governmental Organisations will be the focus of this module and participants will gain a deeper understanding of the political complexity of global management.

Topics covered:

• Business relations with states and NGOs

• Corporate diplomacy: business as a political actor

• Measuring and mitigating risks

• Corporate social responsibility as risk management strategy

• Crisis management and the news media.

4.  The challenges of business in emerging markets

The size of the world’s emerging economies makes them a magnet for foreign businesses yet they have proven to be immensely difficult places in which to do business, not least because the business landscape can be in a constant state of flux. This module will offer you a framework for understanding the rapidly changing business context of emerging markets and equip participants with the tools to do business in them.

Topics covered:

• The rise of state capitalism and its impact on business-government relations

• Dynamics of competition between local and foreign firms in emerging markets

• Inclusive innovation at the bottom and the middle of the pyramid

• Rise of BRICs and the future of global economic order.

Business Project Report

The Business Project Report will be based on specific strategic, global or organisational issues taking place within the participant's own organisation or sector. Consisting of no more than 10,000 words, it provides the opportunity to apply the knowledge learned on the programme. Participants will be allocated a faculty member in their field of interest to work with where possible.

1. Academic ability

We recommend that applicants have a first-class or an upper second class undergraduate degree or equivalent international qualifications (GPA of 3.5). Applicants who do not hold such a qualification may be considered if they have a very strong employment record demonstrating a high degree of responsibility. Professional qualifications may also be taken into consideration.

All applicants are required to supply transcripts of their previous higher education qualifications as part of the online application. A transcript is an official document showing the modules taken and the marks/grades awarded. A certificate of completion is not sufficient. If receiving an offer on the programme, we will ask you to forward us hard copies of your transcripts.

We do not seek a Graduate Record Examination (GRE) or GMAT score.

2. English language proficiency

Applicants whose first language is not English may be required to provide evidence of proficiency in English.

• TOEFL iBT 110
• IELTS 7.5

3. Relevant work experience

Applicants normally have a minimum of five years' work experience, this is essential to making the candidate a valuable contributor to the student group and the learning experience of the Diploma.

Oxford Diploma in Global Business Scholarship for Women

A scholarship for 50% of the fees will be awarded each year to an outstanding female candidate based on the breadth and depth of work experience, past academic and professional qualification performance, and potential career impact. The aim of the Scholarship is to support female candidates of merit and to encourage an increase in women considering senior leadership roles.

Candidates submitting a completed application, including references, before the scholarship deadline will automatically be considered. The scholarship deadline for a 2018 start is Monday 23 October 2017.  Early application is advisable.

The MSc in Global Business at the University of Oxford is a comprehensive program designed to equip students with a deep understanding of the complexities and dynamics of international business in a globalized economy. The course offers a multidisciplinary approach, integrating insights from economics, management, political science, and international relations to prepare graduates for leadership roles in multinational corporations, international organizations, consulting firms, and start-ups operating across borders. The program emphasizes critical thinking, strategic analysis, and practical skills, enabling students to navigate the challenges of global markets, cultural differences, regulatory environments, and technological advancements. Core modules cover topics such as global economic systems, international trade and finance, cross-cultural management, and sustainable business practices. Additionally, students have opportunities to specialize through elective courses tailored to specific regions or sectors, such as emerging markets, digital innovation, or corporate social responsibility. The MSc in Global Business also features a variety of experiential learning components, including case studies, group projects, internships, and visits to international companies, fostering real-world understanding and networking opportunities. The program benefits from the university's extensive global network of alumni, academic experts, and industry partners, providing students with access to mentorship, industry insights, and career development resources. Graduates of the program are well-positioned to pursue careers in global strategy, international marketing, consulting, policy development, and entrepreneurship, contributing to their organizations' success in a competitive global environment. The MSc is typically delivered over one year on a full-time basis, with a curriculum designed to challenge and inspire students of diverse academic backgrounds and professional experiences. Admission criteria usually include a strong academic record, relevant work experience, and a demonstrated interest in global business issues. The program is highly regarded for its rigorous academic standards, diverse student body, and the prestige of the University of Oxford.